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Dhiraj Relli, MD & CEO at HDFC Securities said, “In a surprise meeting today, RBI announced a repo rate hike by 40 bps (to 4.4%) and an increase in the CRR rate by 50 bps. RBI is no longer behind the curve to react to rising inflation numbers. In terms of timing, it took everyone by surprise and the hike of 40 bps is higher than the market expectation of 25 bps in the June Meet. This apart, the increase in CRR by 50 bps will withdraw Rs 87,000cr liquidity in the system. Immediately on the announcement, all interest-rate sensitive stocks fell sharply including Banks, Auto, Real estate, etc. Coming ahead of the US Fed announcement due today, the RBI has taken the lead for the time being after being blamed for being behind the curve by some economists. Nifty could remain under pressure for some time.”",The bifurcation cost the Congress heavily in Andhra Pradesh. It suffered huge exodus of leaders and the party had not been able to win a single Lok Sabha or Assembly seat in Andhra Pradesh since then.",After opening lower, domestic equities settled higher on Monday led by gains in Adani group stocks. BSE benchmark Sensex climbed 234 points, or 0.35 per cent today to settle at 61,963.68, while broader NSE Nifty 50 soared 111 points, or 0.61 per cent to close at 18,314.40.",Alia Bhatt’s latest outing in her merchandise ‘Ed-ma-ma’ t-shirt paired with a black blazer and high-rise blue bootcut jeans was a hit. The Gangubai Kathiadwadi actor looked effortless and chic. Alia wore small hoop earrings and clear heels with this look. She also tied her hair in a bun and opted for soft glowy makeup.",Former Pakistan player Shahid Afridi lauded Rohit Sharma for his body language and leadership skills during India’s triumphant T20 World Cup campaign.",Prithviraj on Monday announced his new project, which has been titled The Railway Guard. The film will be directed by ace filmmaker Deepu Karunakaran. It will be the actor-director duo’s second collaboration after the 2011 romantic comedy Teja Bhai & Family.",In Q1 of 2023-24, the discrepancy of 2.8 per cent has a plus sign. This indicates that the expenditure side has explained only 97.2 per cent of the income side. It does not mean that the 2.8 per cent that has yet to be explained does not exist,” Nageswaran said in an op-ed article.",Taking suo motu cognisance of actor Mansoor Ali Khan’s derogatory remarks against leading south Indian actor Trisha Krishnan at a recent press meet, the National Commission for Women (NCW) has directed the Tamil Nadu DGP to take action against him.",Manchester City’s legacy under Pep Guardiola will not be defined by the trophies they have won but instead by the joy they have brought to fans, the Spaniard said as his side edge closer to winning their fifth Premier League title in six seasons.",Prospects for EM (ex China) have also brightened, particularly in India, where we now expect growth to reach 7.8 percent in the fiscal year ending March 2024 (FY24) and 7 per cent in FY25, both sizeable upward revisions. With GDP growth having exceeded 8 per cent for three consecutive quarters, we expect an easing in growth momentum in the final quarter of the current fiscal year, implying an estimate of 7.8 per cent for growth in FY23-24,” Fitch said in its latest report.",Australia’s weather bureau said on Tuesday a La Niña weather phenomenon had developed in the Pacific Ocean for the second year in a row that could bring above average rainfall across the country’s centre, north and east.",Naipaul was often criticised for his unfavourable opinion on women writers. In 2011, in an interview at the Royal Geographic Society in 2011, he was asked if any woman writer was his literary match. His reply was a prompt no. “I don’t think so…I read a piece of writing and within a paragraph or two, I know whether it is by a woman or not. I think [it is] unequal to me,” he was quoted as saying, according to a report in The Guardian.".